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Berkshire Hathaway outperforms market with $377B cash, strong buybacks, and new CEO leadership.
Berkshire Hathaway, under new CEO Greg Abel, is quietly outperforming the market despite missing the AI stock boom. The company reported a $377 billion cash reserve and accelerated stock buybacks totaling $14.4 billion in 2026, signaling confidence i...
US memo alleges Chinese spy recruited to monitor Nvidia CEO Jensen Huang
A US intelligence memo claims Alice Huang, a tech executive at Megaspeed, was recruited by China's Ministry of State Security to spy on Nvidia CEO Jensen Huang. The memo also alleges a romantic relationship between the two, though Nvidia states their...
Charter plans $2B cost cuts after losing 233K internet customers, investors await broadband growth proof.
Charter Communications announced a plan to cut $2 billion in annual operating costs over 18 months following a loss of 233,000 internet customers, including those from its Cox acquisition. Despite promising savings and operational changes, broadband ...
SpaceX eyes buying a legacy telecom to use spectrum 10x more efficiently, Musk says.
Elon Musk revealed that SpaceX might acquire an established telecom company to utilize its spectrum ten times more effectively, though no specific target was named. SpaceX already owns significant spectrum licenses and plans to close on more by mid-2...
Modine shares drop to $91 amid ongoing operational issues and margin pressure, with lowered revenue outlook.
Modine's stock price has sharply declined to $91 due to persistent operational bottlenecks and compressed gross margins at 20.7%. Management is focusing on meeting delivery schedules rather than short-term profitability, with no clear timeline to res...
Berkshire's utility seeks a historic 57% rate hike for 46,000 California customers amid wildfire costs and credit struggles.
PacifiCorp, a Berkshire Hathaway-owned utility, requested a $103.4 million rate increase from California regulators, potentially raising electricity bills by 57% for about 46,000 rural customers starting January 2027. The hike is driven by wildfire p...
Berkshire Hathaway's Q3 earnings dip 5.8%, but $9.6B buybacks show strong confidence and value potential.
Berkshire Hathaway reported a 5.8% drop in Q3 operating earnings year-over-year, impacted by temporary insurance challenges. However, the company executed a record $9.6 billion in share buybacks at $504 per Class B share, signaling management's confi...
IRS updates 2027 tax brackets and boosts deductions including child tax credit and estate exclusions
The IRS announced updated tax brackets and deduction thresholds for the 2027 tax year, affecting returns filed in 2028. Key changes include higher standard deductions—$16,600 for singles and $33,200 for married couples—and increased child tax credit ...
S&P 500 posts worst week since April 2025, led by sharp tech and chip stock declines.
The S&P 500 fell 2.68% in the week ending November 6, 2026, marking its worst weekly drop since the April 2025 tariff crash, driven mainly by heavy selling in AI and semiconductor stocks. Despite the decline, the broader market showed resilience with...
Elon Musk's Terafab chip plant could cost $1 trillion, with phased spending and unclear funding sources.
At the Baron Investment Conference, billionaire Ron Baron estimated Elon Musk's Terafab chip venture could cost $1 trillion over time, a figure Musk did not dispute. Terafab aims to produce a terawatt of AI chips annually, vastly exceeding current gl...
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